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Austria's Deficit in 2011 at 3.9 Percent
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Published: April 29, 2011; 07:41 ♦ (Vindobona)
Despite the economic recovery, the debt will increase significantly again in 2011. The consolidation will take place from 2013 onwards.
Austria's Deficit in 2011 at 3.9 Percent / Picture: © ÖVP Bundespartei / Jacob Glaser
According to the Ministry of Finance, consolidations will “continue” in the years 2012 to 2015. That the current year’s deficit will be well above the Maastricht criteria of 3.0% and that a balanced budget is not in sight, is being concealed.
The deficit planned for 2011 is not as drastic as in the past year at 4.6%, yet the deficit is extremely high for a year of economic…
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